The U.S. House of Representatives is scheduled today (July 22) to debate a bill that would expand the National Flood Insurance Program (NFIP) to include windstorm insurance coverage.
Lloyd’s of London is asking a federal court to block a claim by oil company BP seeking damages against its Deepwater Horizon partner, Transocean, over oil spewing from the bottom of the Gulf of Mexico.
Following what the Obama Administration is calling “a massive and potentially unprecedented environmental disaster” in the Deepwater Horizon oil spill in the Gulf of Mexico, the president has sent Congress a legislative package, including a measure to raise the liability caps for oil firms.
Travelers Insurance’s discounts on “green” homeowners’ products won approval from the Pennsylvania Insurance Department in a first step toward its gauging of climate change strategies by insurers statewide.
With the cost of containment and cleanup of a massive oil spill in the Gulf of Mexico rising into the billions of dollars every day, the financial impact for oil company BP will be limited because of its insurance coverage.
Starr Indemnity & Liability Co. and Chubb & Son have entered into an underwriting agreement for workers’ compensation coverage for construction, energy and environmental customers.
Four MetLife offices, including three in New York and New Jersey, were awarded Leadership in Energy & Environmental Design for Existing Buildings (LEED EB) certifications from the United States Green Building Council.
The Guardian Life Insurance Co. of America launched a campaign focusing on its self-service benefits website, Guardian Anytime, to help brokers, employers and employees access benefits tools and service while at the same time reducing their carbon footprint.
The recently formed environmental unit of The Beazley Group has launched its first environmental products designed to meet the evolving needs of the environmental services industry.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.